News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇳🇱 Inflation Rate YoY (APR) Actual: 1.9% Expected: 1.7% Previous: 1.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.89%, while traders in Wall Street are at opposite extremes with 77.13%. See the summary chart below and full details and charts on DailyFX:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.10% 🇨🇦CAD: 0.08% 🇨🇭CHF: 0.06% 🇦🇺AUD: 0.03% 🇳🇿NZD: -0.03% 🇯🇵JPY: -0.08% View the performance of all markets via
  • Heads Up:🇳🇱 Inflation Rate YoY (APR) due at 04:30 GMT (15min) Expected: 1.7% Previous: 1.9%
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.25% US 500: -0.52% France 40: -1.12% Germany 30: -1.24% FTSE 100: -1.26% View the performance of all markets via
  • Retail FX traders (at IG) have pushed up their long $USDCAD position to levels not seen in years which has nudged the net long to approximately 85% of open interest. They are fighting that trend
  • Risk trends is the focus to start this week with the Nasdaq 100 dragging sentiment down through the close of the NY session. My attention is on the Dollar as pairs like $GBPUSD stare down major resistance or reversal:
  • White House monitoring supply shortages in parts of the southeast -BBG
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
Euro May Fall If Draghi Hearing, PMI Data Spooks Markets

Euro May Fall If Draghi Hearing, PMI Data Spooks Markets

Dimitri Zabelin, Analyst


  • Markets closely watching ECB President Mario Draghi hearing
  • EU parliament will ask him about monetary policy, his outlook
  • Swiss Franc may rise vs Euro if his commentary spooks markets

Learn how to use political-risk analysis in your trading strategy!

The Swiss Franc may rise alongside German Bunds if during the EU Parliamentary hearing, ECB President Mario Draghi spooks financial markets. The soon-to-be replaced chief will be speaking about monetary policy and his outlook for economic growth. He will be officially replaced in October by former IMF Director Christine Lagarde who has signaled she will closely follow Mr. Draghi’s footsteps.

At the most recent ECB meeting, the central bank lowered the deposit facility by 10 basis points to -0.50 percent and reintroduced their bond-purchasing program after attempting to wean markets off of ultra-easy credit conditions. Upon the announcement, the Euro rallied, signaling that investors’ yearning for liquidity suggests market participants are panicking about the Eurozone’s economic prospects.

Furthermore, the publication of Eurozone flash PMIs will be on everyone’s radar in light of the region’s chronic weakness. Germany’s economy – the proverbial steam engine of Europe – shrunk 0.1 percent in the second quarter, and Chancellor Angela Merkel has stated that they will not deficit spend. However, they will have to think of new creative ways to revive growth with interest rates in negative territory and QE already in place.

Euro traders – especially those trading it against the British Pound – will also be closely watching the UK Supreme Court ruling on whether or not Prime Minister Boris Johnson’s suspension of parliamentary was legal. If the judges rule it as unlawful, it could complicate his Brexit negotiations – and possibly even his tenure as PM.

See my EUR/GBP technical forecast here for more!

Chart of the Day: Inflationary Prospects for Euro Shows a Gloomy Picture

Euro May Fall If Draghi Hearing, PMI Data Spooks Markets


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.